The Debt Ceiling is Political Theater

The “debt ceiling” crisis playing out between President Biden and Congressional Republicans is manufactured by capitalism to justify spending cuts to critical social programs while continuing to bail out big businesses and fund the Pentagon’s endless war drive.

This comes after the taxpayer-funded bailouts of Silicon Valley Bank, Signature Bank and First Republic Bank show the willingness of the capitalist system to do everything it can to keep itself afloat. 

To talk about the debt ceiling, bank bailouts, inflation and more, we’re joined by Chris Caruso from the Kairos Center for Religions, Rights & Social Justice.